Common use of ISPS Code compliance Clause in Contracts

ISPS Code compliance. and will procure that the relevant Manager(s) or any Operator will, with effect from the Delivery Date for a Ship and at all times thereafter: (a) maintain at all times a valid and current ISSC in respect of that Ship; and (b) immediately notify the Agent in writing of any suspension, cancellation or modification of the ISSC in respect of a Ship;

Appears in 2 contracts

Sources: Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

ISPS Code compliance. and will procure that the relevant Manager(s) Manager or any Operator will, with effect on and from the Delivery Date for a Ship and at all times thereafterdate of this Agreement: (a) maintain at all times a valid and current ISSC in respect of that the Ship; and; (b) immediately notify the Agent Bank in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC in respect of a the Ship;; and (c) procure that the Ship will comply at all times with the ISPS Code; and

Appears in 2 contracts

Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

ISPS Code compliance. and will procure that the relevant Manager(s) Manager or any Operator will, with effect from the Delivery Date for of a Ship and at all times thereafter: (a) maintain at all times a valid and current ISSC in respect of that Ship; and; (b) immediately notify the Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC in respect of a Ship; and (c) procure that each Ship will comply at all times with the ISPS Code;

Appears in 2 contracts

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.), Second Supplemental Agreement (Seanergy Maritime Holdings Corp.)

ISPS Code compliance. and will procure that the relevant Manager(s) Manager or any Operator will, with effect on and from the Delivery Date for a Ship and at all times thereafterdate of this Agreement: (a) maintain at all times a valid and current ISSC in respect of that the Ship; and; (b) immediately notify the Agent Bank in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC in respect of a the Ship; and (c) procure that the Ship will comply at all times with the ISPS Code;

Appears in 2 contracts

Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

ISPS Code compliance. and will procure that the relevant Manager(s) Manager or any Operator will, with effect from the Delivery Date for a Ship and at all times thereafter: (a) maintain at all times a valid and current ISSC in respect of that each Ship; and; (b) immediately notify the Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC in respect of a each Ship; and (c) procure that each Ship and any other vessel of the Group will comply at all times with the ISPS Code;

Appears in 2 contracts

Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Containerships Inc.)

ISPS Code compliance. and will procure that the relevant Manager(s) or any each Manager, each Operator and each other Owner will, with effect from the Delivery Date for a Ship and at all times thereafter: (a) maintain at all times on and after Delivery of the relevant Ship a valid and current ISSC in respect of that such Ship; and; (b) immediately notify the Facility Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC in respect of a the relevant Ship; and (c) procure that the relevant Ship will comply at all times after Delivery of such Ship with the ISPS Code;

Appears in 2 contracts

Sources: On Delivery Facility Agreement (Paragon Shipping Inc.), On Delivery Buyer Credit Facility Agreement (DryShips Inc.)

ISPS Code compliance. and will procure that the relevant Manager(s) or any Operator will, with effect from the Delivery Date for a Ship and at all times thereafter: (a) maintain at all times a valid and current ISSC in respect of that Ship; and; (b) immediately notify the Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC in respect of a Ship; and (c) procure that each Ship, its security system and its associated security equipment will comply with the ISPS Code;

Appears in 2 contracts

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

ISPS Code compliance. and will procure that the relevant Manager(s) Technical Manager or any Operator will, with effect from the Delivery Date for a Ship and at all times thereafter: (a) maintain at all times a valid and current ISSC in respect of that Ship; andthe Vessel; (b) immediately notify the Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC in respect of a Shipthe Vessel; and (c) procure that the Vessel will comply at all times with the ISPS Code;

Appears in 1 contract

Sources: Facility Agreement (Pyxis Tankers Inc.)

ISPS Code compliance. and will procure that the relevant Manager(s) Manager or any Operator will, with effect from the Delivery Date for a Ship and at all times thereafter: (a) maintain at all times a valid and current ISSC in respect of that each Ship; and; (b) immediately notify the Agent Bank in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC in respect of a any Ship; and (c) procure that each Ship and any other vessel of the Group will comply at all times with the ISPS Code;

Appears in 1 contract

Sources: Loan Agreement (NewLead Holdings Ltd.)

ISPS Code compliance. and will procure that the relevant Manager(s) Technical Manager or any Operator will, with effect from the Delivery Date for of a Ship and at all times thereafterwill: (a) maintain at all times a valid and current ISSC in respect of that such Ship; and; (b) immediately notify the Agent in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC in respect of a such Ship; and (c) procure that such Ship will comply at all times with the ISPS Code;

Appears in 1 contract

Sources: Loan Agreement (Golden Energy Marine Corp.)

ISPS Code compliance. and will procure that the relevant Manager(s) or Manager and/or any Operator will, with effect from the Delivery Date for a Ship and at all times thereafter: (ai) maintain at all times a valid and current ISSC in respect of that Ship; andthe Vessel; (bii) immediately notify the Agent Lender in writing of any actual or threatened withdrawal, suspension, cancellation or material modification of the ISSC in respect of a Shipthe Vessel; and (iii) procure that the Vessel will comply at all times with the ISPS Code;

Appears in 1 contract

Sources: Loan Agreement (Pyxis Tankers Inc.)

ISPS Code compliance. and will procure that the relevant Manager(s) Manager or any Operator will, with effect : (a) from the Delivery Date for date when the Mortgage over a Ship is registered and at all times thereafter: (a) , maintain at all times a valid and current ISSC in respect of that such Ship; and; (b) immediately notify the Agent Bank in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC in respect of any Ship; and (c) procure that, from the date when the Mortgage over a ShipShip is registered and at all times thereafter, such Ship complies with the ISPS Code;

Appears in 1 contract

Sources: Facility Agreement (Globus Maritime LTD)

ISPS Code compliance. and will procure that the relevant Manager(s) Manager or any Operator will, with effect from the Delivery Date for a Ship and at all times thereafter: (a) maintain at all times a valid and current ISSC in respect of that each Ship; and; (b) immediately notify the Agent Lender in writing of any actual or threatened withdrawal, suspension, cancellation or modification of the ISSC in respect of a Ship; and (c) procure that each Ship will comply at all times with the ISPS Code;

Appears in 1 contract

Sources: Loan Agreement (NewLead Holdings Ltd.)